ENVIRONMENTAL, SOCIAL & GOVERNANCE
Group mobilizes for Typhoon Odette disaster First Pacific companies rally to Pangilinan’s call to action
O
n 16 December 2021, a devastating typhoon swept across the Visayan and Mindanao regions of the Philippines. Typhoon Odette (international name Rai) packed winds of 195 kilometers per hour. Around 300,000 people were evacuated, millions more were affected and vast areas were left without power, water and food in a state of calamity.
22 THE VIEW
First Pacific, its investee companies, associated companies and foundations ( “First Pacific Group”) came together to offer relief, rallying to Manuel V Pangilinan’s call, “We have faced many disasters in the past - Ondoy, Yolanda, Marawi, Taal. The names may change but our duty to help does not. Let us go this extra mile during this holiday season. Please give so that our people can have some cheer and joy in the middle of their difficulties.” First Pacific Group raised more than 50 million for immediate financial and material assistance to the victims in Visayas and Mindanao. MPIC companies followed up with over 24 million in further support, 8 million of which was raised in an 18-hour telethon. Through Tulong Kapatid, the corporate social responsibility alliance of foundations and companies in the First Pacific Group, Pangilinan and the senior executives turned over a 10 million donation to the Province of Bohol on 7 March 2022. MPIC IN ACTION WITH RELIEF, RESTORATION Metro Pacific Investments Foundation (“MPIF”) provided food, water filters, solar lamps and bedding to hardhit areas, including Siargao, where MPIF nurtures a Mangrove Center and local biosystems. MPIC and MPIF donated 1 million to Alagang Kapatid Foundation Inc.’s Feeding Program and Philippine Disaster Resilience Foundation’s (“PDRF”) Typhoon Odette initiatives.
